August 26, 2010

Money Saving Tip: Build a Stockpile

One of the most effective ways I have found to cut our budget is through saving money on our grocery budget.  One of the techniques I use is building a stockpile, also known as the buy ahead principle.  What this means is that when groceries or other regularly used items are significantly cheaper than normal, I buy enough to last me a few months.  In my home, I try to never ever pay retail for anything!

For example, a few weeks ago Harris Teeter had their Colgate Total toothpaste on sale for $2.50 per tube.  It was also super double coupon week and I had $1 coupons. After coupons and the sale, I paid only $.50 per tube for Colgate toothpaste.  Also last week and this week, CVS had their Crest Pro Health toothpaste on sale for $2.99 and you got back a $2 Extra Care Buck (ECB).  I also had $.50 and $.75 coupons for the toothpaste.  After the sale, ECBs, and coupons, I paid $.25-$.50 per tube.  Did I need five tubes of toothpaste right now?  Of course I didn’t.  But I know that over the next year my family will need the toothpaste.  I also know that soon I will be filling shoeboxes for Samaritan’s Purse and our church is always collecting food and toiletries for the needy.  This allows me to get toothpaste for my family and others for less than the price of one tube at regular price.

As you can see in the picture above, I have over 10 bottles of laundry detergent.  I don’t plan on doing 300 loads of laundry this week, but I couldn’t resist stocking up because of the deal I found.  Some of the bottles were buy 1 get 1 free and I had coupons.  Many of the bottles cost me less than $1 per bottle.

I have heard others say before that they can’t afford to stockpile; that they only have money for the things that they need that week.  What they don’t truly realize is that when you stockpile, you can make your grocery budget go further and have more supplies on hand.

If you still say you can’t afford to stockpile, then I suggest that you start small.  A stockpile isn’t built overnight anyway.  Allow yourself an extra $5 or $10 to try to purchase things while they’re at rock bottom prices so that you won’t have to purchase them later.  For me, an example of this would be when I purchase canned tomatoes.  I know that I’m going to need canned tomatoes.  I know that Target has the cheapest prices on them.  So, when I visit Super Target, I purchase 6-12 cans.  The amount I purchase depends on my stockpile at home.  And if you’re getting items for free or almost free (with sales and coupons) that will only allow your grocery budget to go that much further so that you can cut your grocery budget or purchase other things your family needs.

Stay tuned for more tips on stockpiling.  Do you stockpile groceries?

images (c) Karen Weideman


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